Developing phosphate interests in the Georgina Basin, Queensland, Australia

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Message: Gitnicks

Gitnicks

posted on Aug 05, 2008 12:06PM

I wonder if the Legend management are not quitely happy to see the price fall to these levels. Didn't Joe Gutnick have to sell some of his own shares to IFFCO at 1.87. What was the low today. I notice that the down ticks seem to be small lots of shares most of the time 500-1,000. It may suit them to let a few early guys panic and bail out- creating a supply of cheap shares for the big boys to mop up. You don't see any large unloading of positions (thankfully)

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